In this NYSE Live interview, Yoshi Yokokawa, Co-Founder and CEO of Alpaca, discusses the growth of tokenized equities, the evolution of financial market infrastructure, and how blockchain technology is creating new opportunities across global capital markets.

Yokokawa begins by explaining why Alpaca is expanding into prime brokerage services and how that decision aligns with the growing demand for tokenized assets. He discusses the importance of liquidity within emerging tokenized markets and outlines how financing, margin services, and institutional infrastructure can help support market participants and trading activity.

A significant portion of the discussion focuses on Alpaca's growth journey. Originally launched as an API-driven brokerage platform, the company has evolved into an infrastructure provider supporting a wide range of financial services organizations, trading platforms, and fintech applications. Yokokawa explains how increasing interest in tokenization has accelerated demand for the company's capabilities.

The interview also explores why tokenized U.S. equities are attracting attention globally. Yokokawa discusses how blockchain-based representations of traditional securities may help expand investor access, particularly for individuals and institutions operating outside the United States. He explains how greater accessibility has become one of the key drivers of adoption.

Another major theme is Alpaca's role within the tokenization ecosystem. The company provides custody, clearing, and brokerage infrastructure that supports platforms bringing real-world financial assets onto blockchain networks. Yokokawa discusses how connecting traditional financial systems with digital asset infrastructure requires both technological innovation and regulatory expertise.

The conversation further examines the technology powering tokenized finance. Topics include proprietary ledger systems, stablecoin integrations, blockchain interoperability, custody solutions, settlement infrastructure, and the regulatory framework necessary to support digital asset markets.

The interview also highlights Alpaca's Instant Tokenization Network and its role in connecting traditional and blockchain-based financial markets. Yokokawa explains how improved redemption capabilities and greater liquidity can help narrow the gap between tokenized securities and their underlying assets while supporting broader market adoption.
Additionally, the discussion addresses the long-term potential of tokenized assets. Yokokawa outlines how features such as fractional ownership, programmability, extended trading access, and increased capital efficiency may contribute to a more flexible and connected financial ecosystem in the future.

Throughout the conversation, Yokokawa shares perspectives on tokenization, blockchain infrastructure, financial technology, brokerage services, market liquidity, digital assets, capital markets innovation, and the future evolution of global finance.

Disclaimer: Informational content only. NYSE does not endorse or recommend investments, strategies, companies, products, or services discussed.